Brokerages expect Rogers Communication, Inc. (NYSE:RCI) (TSE:RCI.B) to post earnings per share of $0.73 for the current fiscal quarter, Zacks reports. Zero analysts have issued estimates for Rogers Communication’s earnings. The highest EPS estimate is $0.75 and the lowest is $0.70. Rogers Communication posted earnings per share of $0.62 during the same quarter last year, which suggests a positive year-over-year growth rate of 17.7%. The company is expected to announce its next earnings results before the market opens on Thursday, July 20th.
According to Zacks, analysts expect that Rogers Communication will report full-year earnings of $2.54 per share for the current fiscal year, with EPS estimates ranging from $2.46 to $2.60. For the next year, analysts anticipate that the firm will post earnings of $2.69 per share, with EPS estimates ranging from $2.48 to $2.83. Zacks’ EPS calculations are an average based on a survey of sell-side analysts that that provide coverage for Rogers Communication.
Rogers Communication (NYSE:RCI) (TSE:RCI.B) last released its quarterly earnings results on Tuesday, April 18th. The Wireless communications provider reported $0.46 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.43 by $0.03. The company had revenue of $3.34 billion for the quarter, compared to analyst estimates of $3.37 billion. Rogers Communication had a net margin of 6.56% and a return on equity of 26.98%. The firm’s revenue was up 2.9% on a year-over-year basis. During the same quarter last year, the business earned $0.51 earnings per share.
A number of equities analysts have commented on the stock. Zacks Investment Research downgraded shares of Rogers Communication from a “hold” rating to a “sell” rating in a research report on Tuesday, June 20th. BidaskClub upgraded shares of Rogers Communication from a “hold” rating to a “buy” rating in a research report on Thursday, June 15th. Canaccord Genuity set a $66.00 price objective on shares of Rogers Communication and gave the stock a “buy” rating in a research report on Wednesday, April 19th. Finally, CIBC downgraded shares of Rogers Communication from a “sector outperform” rating to a “sector perform” rating in a research report on Wednesday, April 5th. They noted that the move was a valuation call. Five equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average target price of $53.83.
Several institutional investors have recently bought and sold shares of the company. US Bancorp DE boosted its position in Rogers Communication by 8.8% in the first quarter. US Bancorp DE now owns 3,429 shares of the Wireless communications provider’s stock worth $152,000 after buying an additional 278 shares during the period. Barometer Capital Management Inc. bought a new position in Rogers Communication during the first quarter worth $168,000. Paloma Partners Management Co bought a new position in Rogers Communication during the first quarter worth $288,000. Signaturefd LLC bought a new position in Rogers Communication during the first quarter worth $304,000. Finally, Oxford Asset Management bought a new position in Rogers Communication during the first quarter worth $322,000. 48.74% of the stock is currently owned by institutional investors and hedge funds.
Rogers Communication (RCI) traded up 0.61% during mid-day trading on Wednesday, reaching $47.72. 273,842 shares of the company traded hands. Rogers Communication has a 52 week low of $37.03 and a 52 week high of $48.74. The firm has a market capitalization of $24.57 billion, a price-to-earnings ratio of 35.56 and a beta of 0.85. The stock’s 50 day moving average price is $46.72 and its 200 day moving average price is $43.50.
The business also recently declared a quarterly dividend, which was paid on Tuesday, July 4th. Stockholders of record on Monday, June 12th were paid a dividend of $0.48 per share. The ex-dividend date of this dividend was Thursday, June 8th. This represents a $1.92 dividend on an annualized basis and a dividend yield of 4.02%. Rogers Communication’s dividend payout ratio (DPR) is presently 108.40%.
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Rogers Communication Company Profile
Rogers Communications Inc is a communications and media company. The Company provides wireless communications services, and cable television, Internet, information technology (IT) and telephony services to consumers and businesses. Its segments include Wireless, Cable, Business Solutions and Media. The Wireless segment is engaged in wireless telecommunications operations for Canadian consumers and businesses.
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